Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. karsted air services is now in the final year of a

Karsted Air Services is now in the final year of a project. The equipment originally cost...

60.2K

Verified Solution

Question

Finance

Karsted Air Services is now in the final year of a project. Theequipment originally cost $26 million, of which 80% has beendepreciated. Karsted can sell the used equipment today for $6.5million, and its tax rate is 30%. What is the equipment's after-taxsalvage value? Write out your answer completely. For example, 13million should be entered as 13,000,000. Round your answer to thenearest dollar.

Answer & Explanation Solved by verified expert
4.2 Ratings (733 Votes)
Solution The equipments after    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

Karsted Air Services is now in the final year of a project. Theequipment originally cost $26 million, of which 80% has beendepreciated. Karsted can sell the used equipment today for $6.5million, and its tax rate is 30%. What is the equipment's after-taxsalvage value? Write out your answer completely. For example, 13million should be entered as 13,000,000. Round your answer to thenearest dollar.

Other questions asked by students

Q

2x 4 lim x 2 x 41 desinin de eri ka t r 2 D...

Basic Math
Q

In 2019, ABC purchased a silver mine for $10,200,000 with removable silver estimated at 1,000,000 tons....

Accounting
Q

how the population changed using the terms carrying capacity equilibrium exponential growth and limiting factors...

Biology
Q

67 Few capacitors are connected to a battery of 12V What will be charge on...

Physics
Q

When heat enters from surounding into system is always O Negative O Positive O Neutral...

Physics
Q

Imagine you are building a decision tree to predict whether a personal loan given to...

Basic Math
Q

Evaluate without using a calculator log 10 10 000 log 10 10 000

Calculus
Q

Solve the equation Write the answer in terms of the natural logarithm 5e0 2x 6...

Algebra
Q

DDD Construction is going to bid a project where DDD Construction estimates the construction costs...

Accounting
Q

What is the PV of an annuity due with 5 payments of $6,700 at an...

Accounting
Q

73) You make 6 quarterly deposits starting at $135 and increasing at a constant rate...

Finance
Q

Rate of return a. Calculate the average rate of return for each...

Finance